Da HongFei and Erik Zhang developed neo in 2014. Formerly known as Antshares, it is an open source blockchain based smart contracts platform enabling the development of decentralized applications (dApps). Unlike Bitcoin or Ethereum, the platform uses Delegated Byzantine Fault Tolerance algorithm for faster transactions making it a preferred choice among the investors as well. In a very short span of time, the coin has made it to the top 20 list, has been in the news for inking some key strategic partnerships and portraying a transparent roadmap to the future. The crypto is reshaping the world of digital payments and outlasting its competitors regularly. The team of core developers, as well as the community of followers, aims to revolutionize the digital economy through customised solutions for each & every business, industry and sector.

Current Statistics:

According to the CoinMarketCap, Neo is ranked 18th
in the top 100 cryptocurrencies list. As on April 30, 2019, at 09:04:01
UTC, the market cap of the coin is recorded at 617,102,992 USD, the
price is trading at 9.49 USD & 0.00180960 BTC, and 24 h volume is at
330,244,951 USD. The ROI is noted at 5086.32% and the circulating
supply 65,000,000 NEO. The total supply of the coin is 100,000,000 NEO
which is equivalent to the maximum supply.

Comparison:

As
on April 01, 2019 at 06:04:01 UTC, the market cap was noted at
638,934,868 USD; the price was trading at 9.83 USD & 0.00240500 BTC.
The 24 h volume was 300,989,488 USD. The past 30 days reported a high
of 13.73 USD & low of 9.11 USD. In the last 7 days, the price peaked
at 11.07 USD and dipped to 9.11 USD. The downtrend of over 3% in the
last month is expected to change soon as the market analysts predict a
price surge in the upcoming quarters.

Prediction:

NEO team has recently announced its partnership with Zeux enabling the usage of the coin on Apple Pay and Samsung Pay platforms. The coin has been in the news since some time now for its increasing partnerships and adoption at larger fronts. The team also has been supporting game developing community immensely through conferences and sessions across the world. The project is attracting key partners from the enterprise world as well, and it’s just a matter of time before it becomes publicly accepted substitute of the traditional mode of payment. Hence, two years down the line, the price of the coin can be expected to reach USD 20 – USD 50 and in the next 5 years, it can be as high as 100 USD.

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The eCoin is a media that intended to deliver news and information related to the cryptocurrency and Bitcoin market.
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Disclaimer

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.